Scotia Capital Inc. Has $18.83 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Scotia Capital Inc. increased its position in NextEra Energy, owning 265,562 shares worth approximately $18.83 million after acquiring an additional 9,838 shares in Q1.
• NextEra Energy reported an EPS of $1.05 for the last quarter, exceeding analyst estimates, while its revenue fell short at $6.70 billion against a consensus of $7.52 billion.
• The company announced a quarterly dividend of $0.5665 per share, with an annualized yield of 3.2% and a payout ratio of 79.37%.

Scotia Capital Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 265,562 shares of the utilities provider's stock after buying an additional 9,838 shares during the period. Scotia Capital Inc.'s holdings in NextEra Energy were worth $18,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Two Sigma Advisers LP acquired a new position in NextEra Energy in the 4th quarter worth $240,269,000. GAMMA Investing LLC lifted its stake in NextEra Energy by 8,456.8% in the 1st quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock valued at $174,286,000 after purchasing an additional 2,429,804 shares during the last quarter. Northern Trust Corp lifted its stake in NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after purchasing an additional 2,030,331 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in NextEra Energy in the 4th quarter valued at about $124,106,000. Finally, APG Asset Management N.V. raised its holdings in NextEra Energy by 361.4% in the 4th quarter. APG Asset Management N.V. now owns 2,188,967 shares of the utilities provider's stock valued at $151,547,000 after acquiring an additional 1,714,575 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.9%

NEE opened at $70.41 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a fifty day moving average price of $72.26 and a two-hundred day moving average price of $70.52. The company has a market cap of $144.99 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 2.42 and a beta of 0.63. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy's payout ratio is 79.37%.

Analysts Set New Price Targets

Several research analysts have recently commented on NEE shares. UBS Group lowered their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. JPMorgan Chase & Co. cut their target price on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. HSBC cut their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Barclays lifted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Finally, Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,361 shares of company stock worth $2,365,398. 0.18% of the stock is owned by insiders.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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